HBAR Climbs 3% Amid Elevated Volume, Signaling Breakout Potential
Hedera’s native token, HBAR, gained 3% over the past 24 hours, showing signs of bullish momentum despite moderate market turbulence.
Between September 2 at 15:00 and September 3 at 14:00, HBAR advanced from $0.22 to near session highs, trading within a 5% range from the day’s low. Strong buying support at higher levels highlighted the token’s resilience in a volatile market.
Institutional Accumulation Drives Strength
Trading volume surged to 69.68 million, far above the 24-hour average of 37.42 million, pointing to robust institutional activity. A single volume spike of 4.87 million emphasized aggressive positioning above key resistance levels.
Intraday price dynamics reinforced the breakout potential. Between 13:29 and 14:28 on September 3, HBAR rallied from $0.22 to a session peak before stabilizing, forming ascending lows and sustained momentum—classic signs of a potential breakout.
Support remains firm above $0.22, and traders will closely monitor whether HBAR can sustain its bullish trend into upcoming sessions.
Technical Analysis Highlights Strength
- Support: $0.21, confirmed by elevated trading volume.
- Resistance: $0.22, tested repeatedly with strong volume, indicating potential breakout formation.
- Market Structure: Accumulation with ascending lows, reflecting consistent buying pressure.
- Volume Validation: Surges at 20:00 and 21:00 on September 2 and an exceptional 4.87 million spike at 13:43 on September 3 confirm institutional involvement.
- Momentum: Price action and volume patterns align with classic breakout dynamics, suggesting further upside potential.
HBAR’s combination of institutional buying, solid support, and breakout-friendly volume patterns suggests the token may extend gains if momentum persists.
